Excise Duty Inclusion in Closing Stock: Liabilities Cannot Be Misrepresented as Assets in Financial Statements.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Confirmation of notional addition – Excise duty added in the value of the closing stock of finished goods – a liability cannot be converted into an asset - AT....